Thanks Chris - so better to have say a regular amount of €2k, that we regularly top up, rather than an amount of €3k that occasionally varies below that amount?
I am a little concerned that if we say €2k when we regularly can afford more, it will affect the calculations of how much we can borrow for our mortgage application.
Thanks Chris - so better to have say a regular amount of €2k, that we regularly top up, rather than an amount of €3k that occasionally varies below that amount?
I am a little concerned that if we say €2k when we regularly can afford more, it will affect the calculations of how much we can borrow for our mortgage application.
Thanks for all the replies. We are in the fortunate position of being able to save as I have recently gotten a promotion at work and thanks to the retirement of a grandparent we have a reduction in our childcare costs.
We are a family of 4 living in a 2 bed Celtic Tiger apartment who have just come out of negative equity and absolutely desperate to move. We have some savings and are hoping to move next year - finally!!! We are going to knuckle down for the next 6 months until we get approval and I am so scared of doing something silly wrong that will affect our application process. We have no gambling accounts or anything like that!
Then AIB is your first port of call. Regarding the savings, it's nice for underwriters to see a standing order to a savings account every month, but they will also calculate a simple average increase in your accounts over 6 months to work out your demonstrated repayment capacity. As long as there is even some slight amount of consistency there, and as long as the build-up is all coming from earned income, then I wouldn't worry about it.Thanks Chris. We are currently with AIB and have a tracker mortgage that we are keen to keep. I doubt we would be of much interest from a business perspective? I have gotten figures etc from AIB but as we are a tracker and quite specific I haven't found their mortgage advisors great!
Thanks for all the replies. We are in the fortunate position of being able to save as I have recently gotten a promotion at work and thanks to the retirement of a grandparent we have a reduction in our childcare costs.
We are a family of 4 living in a 2 bed Celtic Tiger apartment who have just come out of negative equity and absolutely desperate to move. We have some savings and are hoping to move next year - finally!!! We are going to knuckle down for the next 6 months until we get approval and I am so scared of doing something silly wrong that will affect our application process. We have no gambling accounts or anything like that!
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